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Eddi Din [679]
3 years ago
9

For the current year, a business has earned (but not recorded or received) $200 of interest from investments. Demonstrate the re

quired adjusting entry by completing the following sentence. The required adjusting entry would be to debit the ___________ (Unearned revenue/Accounts receivable/Cash/Interest receivable) account and __________ (debit/credit) the __________ (Cash/Accounts receivable/Interest revenue/Interest receivable) account.
Business
1 answer:
uysha [10]3 years ago
7 0

Answer:

Explanation:

The adjusting journal entry is shown below:

Interest receivable A/c Dr $200

    To Interest revenue A/c         $200

(Being the interest earned is recorded)

Since the interest would not be received but it is earned so we debited the interest receivable account and credited the interest revenue account.

The other accounts which are given in the brackets are wrong.

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xeze [42]

Answer:

Problem Analysis

Explanation:

Problem analysis also known as 'root cause' analysis ensures that “root causes,” not just the symptoms of the problem, are identified and subsequently addressed.

This step comes after the problem identification stage of problem solving.

Therefore as stated in the scenario ''When Glenn analyzes the underlying causes of the paper-jam problem, he is performing the function of problem analysis

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4 years ago
Over which of the following factors affecting profits does a business have the most control:
Paul [167]

The factor that affecting profits to a business that have the most control is the expenses.

<h3>How expenses affect profit?</h3>

The expenses play the major role to affect the profit of business organizations, as it is clear that if the firm incurred more expenses in various things that are not related to the business, then ultimately the profit level decreases, and vice-versa.

Therefore, option A is correct.

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8 0
2 years ago
DON
Viktor [21]

Answer:

b:)

Explanation:

5 0
3 years ago
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olasank [31]

Answer:

Store of wealth

Explanation:

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I hope my answer helps you

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